Why Is Lemonade Stock Moving Higher Today?

The stock market was mostly flat halfway through the trading session on Tuesday, but insurance disruptor Lemonade (NYSE: LMND) was a big standout. As of 12:50 a.m. EST, Lemonade's share price had climbed by more than 11% for the day.

There doesn't seem to be any specific news driving today's move in Lemonade, which isn't entirely unusual for the stock. Double-digit moves in either direction are frequent events for the insurance technology company. And although it's earnings season, Lemonade doesn't report its results until March 1.

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Source Fool.com